加加食品(002650) - 2020 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2020 was ¥492,107,478.41, a decrease of 10.96% compared to ¥552,687,586.93 in the same period last year[8]. - Net profit attributable to shareholders was ¥50,268,199.93, down 9.59% from ¥55,598,020.07 year-on-year[8]. - Basic earnings per share decreased by 8.33% to ¥0.044 from ¥0.048 in the same period last year[8]. - Operating profit for Q1 2020 decreased to CNY 66,042,268.73 from CNY 70,263,206.75 year-on-year, representing a decline of approximately 3.2%[58]. - The company reported a total profit of CNY 64,565,951.22 for Q1 2020, down from CNY 70,390,170.75 in the same period last year[58]. - Tax expenses for Q1 2020 were CNY 14,297,751.29, compared to CNY 14,792,150.68 in the previous year[58]. Cash Flow - The net cash flow from operating activities increased by 53.24% to ¥116,325,214.92, compared to ¥75,911,780.30 in the previous year[8]. - Cash inflow from operating activities was CNY 559,291,166.14, compared to CNY 588,770,295.96 in the previous period[65]. - The net cash flow from operating activities for Q1 2020 was CNY 116,325,214.92, an increase of 53.3% compared to CNY 75,911,780.30 in Q1 2019[66]. - The cash outflow from investing activities was CNY 30,834,888.23 in Q1 2020, compared to CNY 11,471,742.59 in Q1 2019, indicating a significant increase in investment spending[66]. - The net cash flow from financing activities improved by 69.17% to -¥15,533,728.14 due to reduced repayment of bank loans and interest[16]. - The cash inflow from financing activities in Q1 2020 was CNY 40,000,000.00, down from CNY 55,000,000.00 in Q1 2019, indicating a reduction in new borrowings[67]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,782,909,255.14, reflecting a 2.12% increase from ¥2,725,155,235.01 at the end of the previous year[8]. - Total liabilities increased to CNY 395,803,764.13 from CNY 388,317,943.93 in the previous period[50]. - The total current liabilities were CNY 335,765,169.94, up from CNY 327,437,130.40[50]. - The company’s total liabilities as of January 1, 2020, were CNY 388,317,943.93, with no significant changes reported[74]. - The total assets of the company remained stable at CNY 2,725,155,235.01 as of January 1, 2020[74]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,222[12]. - The largest shareholder, Hunan Zhuoyue Investment Co., Ltd., holds 18.79% of the shares, amounting to 216,419,200 shares[12]. - The company’s major shareholders, including Hunan Zhuoyue Investment Co., Ltd. and Yang Zhen, have 100% of their shares pledged or frozen, with Hunan Zhuoyue holding 21,641.92万 shares (18.79%) and Yang Zhen holding 11,777.77万 shares (10.22%)[32]. Government and Legal Matters - The company received government subsidies amounting to ¥1,824,358.64 during the reporting period[9]. - The company has been actively responding to inquiries from the Shenzhen Stock Exchange regarding the frozen accounts and related matters[27]. - The company is under investigation by the China Securities Regulatory Commission, which may pose risks to its operations[35]. - The company has been involved in a construction contract dispute related to a project with a production capacity of 60,000 tons of fermented soy sauce, which is still pending court proceedings[29]. Other Financial Metrics - Other income increased by 66.08% to ¥1,824,358.64 mainly from government subsidies related to daily operations[16]. - Financial expenses decreased by 210.28% to -¥517,418.17 due to reduced bank loans and interest expenses[16]. - Research and development expenses for Q1 2020 were CNY 6,237,288.41, slightly down from CNY 6,449,903.91 year-on-year[61]. - The company reported a total of ¥27.81 million in illegal guarantees, accounting for 11.90% of the latest audited net assets[42]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[43].